Audit 315907

Title: Note 1 Accounting Policies: This schedule includes the federal grant activity of Metropolitan Charities, Inc. and is presented on the full accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance (Title 2 U.S. Code of Federal Regulations (CFR), Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. The Organization has not elected to use the 10% deminimis cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. This schedule includes the federal grant activity of Metropolitan Charities, Inc. and is presented on the full accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance (Title 2 U.S. Code of Federal Regulations (CFR), Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. The Organization has not elected to use the 10% deminimis cost rate.